Help Your Kids Manage Money
It's never too early to start learning how to manage money. In fact, the earlier, the better. Set the children in your life up for financial success by opening their very own account. We offer two youth account options to meet your young saver's needs as they grow. Begin with a Smart Start savings account, then graduate to a Dollars & Cents account when they're ready to start making spending decisions of their own.
Smart Start Youth Account
Teach the children in your life to be savvy savers with their own savings account. With the Smart Start program, children 13 and under won't just get an interest-earning savings account. They'll also receive a FREE Piggy Bank or Cinch Backpack, FREE access to the Coin Sorter, and M3 Money Club, an educational website designed just for kids! If they’re going to take on the world someday, they’ll need the funds to do it.
Smart Start Account Features:
• Savings Account Only
• Interest-Earning Savings Account
• Free MSEFCU Piggy Bank or Cinch Backpack
• Fee Free-Access to the Coin Sorter (Limits may apply)
• Term Savings with a $1,000 Minimum Opening Balance
• M3 Money Club – Educational Website for Kids
M3 Money Club
Every Smart Start account comes with access to M3 Money club for kids, a financial education website designed for children 7-12 years old. It’s packed with games, comics, cartoons and podcasts all to help teach vital financial skills to kids in a way that’s fun and engaging. M3 even has a section for parents that has lots of ideas on how we can help prepare our kids for financial success.
Dollars & Cents Young Adult Account
When your future leader is ready for a checking account, our Dollars & Cents program can help them make sense of money management. Designed for members ages 14-17, this program includes everything offered through our Smart Start Program, plus a Checking Account, ATM Card, and eligibility for a Visa Debit Card*, along with Online Banking, our Mobile App, and Youth Money Playbook, an educational website created just for teens.
Dollars & Cents Account Features:
• Savings & Checking Account
• Interest Earning Savings Account
• cu@home - Online Banking, with Text Alerts & e-Statements
• MSEFCU Mobile App
• ATM Card
• Visa Debit Card**
• Term Savings with a $1,000 Minimum Opening Balance
• Free Checking (current state ID required)
• Free Cinch Backpack or Piggy Bank
• Fee Free Access to the Coin Sorter (Limits may apply)
• Overdraft Coverage from Savings
• Youth Money Playbook – Educational Website for Teens
*Accounts for ages 14-17 do not require a joint owner; however, members wishing to obtain a Visa Debit Card must have a parent or legal guardian serve as guarantor.
**Visa Debit Cards are available to members ages 14-17 who provide a state-issued driver's license or identification card showing their current physical address, or an unexpired passport with proof of current physical address dated within the last 90 days, and have a parent or legal guardian as guarantor.
Youth Money Playbook
A financial education resource designed for teens and young adults, Youth Money Playbook helps build strong money habits for life. From budgeting and saving to understanding credit and spending wisely, this easy-to-follow guide covers the financial fundamentals you'll need for the future.
Check out Youth Money Playbook!
What You'll Need to Open Your Youth Account:
| Age 10 and Under | Age 11-13 | Age 14-17 |
|---|---|---|
|
Parent or Legal Guardian as Joint and Guarantor Required
Savings Account Only
• Minimum $10 (Cash or Check) - $5 initial deposit (on hold) and $5 membership fee
• Social Security Card or Birth Certificate (Must know SSN)
|
Parent or Legal Guardian as Joint and Guarantor Required
Savings Account Only
• Minimum $10 (Cash or Check) - $5 initial deposit (on hold) and $5 membership fee
• Social Security Card or Birth Certificate (Must know SSN)
Savings and Checking Account
• Minimum $20 (Cash or Check) - $5 initial deposit in Savings (on hold), $10 deposit in Checking and $5 membership fee
• State-issued ID with current physical address or unexpired Passport with proof of current physical address*
|
Parent or Legal Guardian as Joint NOT Required
Savings Account Only
• Minimum $10 (Cash or Check) - $5 initial deposit (on hold) and $5 membership fee
• Social Security Card or Birth Certificate (Must know SSN)
Savings and Checking Account
• Minimum $20 (Cash or Check) - $5 initial deposit in Savings (on hold), $10 deposit in Checking and $5 membership fee
• State-issued DL/ID with current physical address or unexpired Passport with proof of current physical address*
• Visa Debit Card, Must have a Parent or Legal Guardian as Guarantor
|
*Please note, if your form of ID does not show your current physical address or lists a PO Box — or if you're using a Passport, which does not include address information — you MUST bring proof of current physical address (dated within 90 days).
